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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE (No. 2) BILL, 2019 Chapters List Part X AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000 This

Clause 183 - Amendment of section 11. - FINANCE (No. 2) BILL, 2019

FINANCE (No. 2) BILL, 2019
Part X
AMENDMENTS TO THE CENTRAL ROAD AND INFRASTRUCTURE FUND ACT, 2000
  • Contents

Amendment of section 11.

183. In section 11 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:––

“(1) The share of the Fund to be spent on development and maintenance of State roads, based on the criteria formulated under clause (iv) of sub-section (1) of section 10, shall be allocated in such manner as may be finalized by the Committee referred to in section 7A.”.

 



 

Notes on Clauses:

Clause 183 of the Bill seeks to substitute sub-section (1) of section 11 of the Central Road and Infrastructure Fund Act, 2000 to have reference to clause (iv) sub-section (1) of Section 10 for formulation of criteria for allocation of funds for development and maintenance of road projects including the projects of inter-State and economic importance.

 
 
 
 

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